Franklin Universal Trust : Templeton Emerging Markets Income Fund (“TEI”) Announces Distribution
August 05, 2020 at 06:22 am EDT
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Templeton Emerging Markets Income Fund ('TEI') Announces Distribution
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Franklin Templeton
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Franklin Templeton
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1-800-342-5236
Fort Lauderdale, Florida, August 3, 2020. Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0355 per share, payable on August 31, 2020, to shareholders of record on August 17, 2020 (Ex-Dividend Date: August 14, 2020).
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton in over 165 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist managers, the company brings extensive capabilities in equity, fixed income, alternatives and custom multi-asset solutions. With employees in over 30 countries, including 1,300 investment professionals, the California-based company has more than 70 years of investment experience and approximately $1.4 trillion in assets under management as of June 30, 2020 (on a pro forma basis for its acquisition of Legg Mason, Inc.). For more information, please visit franklintempleton.com.
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Franklin Universal Trust published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2020 10:21:07 UTC
Franklin Universal Trust (Fund) is a closed-end management investment company. The Fund's primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth in income through dividend increases and capital appreciation. It invests primarily in two asset classes: high yield bonds and utility stocks. Within the high yield portion of the portfolio, it uses fundamental research to invest in a diversified portfolio of bonds. Within the utility portion of the portfolio, it focuses on companies with attractive dividend yields and with a history of increasing their dividends. The Fund invests in various industrial sectors, such as Electric Utilities, independent power and renewable electricity producers, metals and mining, multi utilities, oil, gas and consumable fuels, auto components, beverages, biotechnology, building products, communications equipment, and others. Franklin Advisers, Inc. is its investment manager.
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